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the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on all this and the blame game back and forth between democrats and republicans. years when he said on nbc. [video clip] >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership. i suggested to them if they cannot do a comprehensive package of smart deficit reductions, let's at minimum make sure that people's taxes don't go up and that 2 million people lose their unemployment insurance. i was modestly optimistic yesterday, but we don't yet see an agreement. now the pr
the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on...
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the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford it, and our economy cannot afford it. today it
the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you...
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. >> next, we will hear from members of congress about negotiations regarding the fiscal cliff today. harry reid followed by johnson -- john thune. >> thank you. i was gratified to hear the cuts are off the table. they should never have been on the table to begin with. there is still significant difference between the two sides. negotiations continue. we intend to continue negotiations. we will come in at 11:00 a.m. tomorrow morning. we will have further announcements. i hope so. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. dem
. >> next, we will hear from members of congress about negotiations regarding the fiscal cliff today. harry reid followed by johnson -- john thune. >> thank you. i was gratified to hear the cuts are off the table. they should never have been on the table to begin with. there is still significant difference between the two sides. negotiations continue. we intend to continue negotiations. we will come in at 11:00 a.m. tomorrow morning. we will have further announcements. i hope so....
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. >> next, we will hear from members of congress about negotiants surrounding the fiscal cliff. senate majority leader harry reid, followed by senator john thune, then senate floor speeches from barbara boxer, joe manchin, and kay bailey hutchinson. >> the majority leader is recognized. i was glad to hear that republicans have taken their demand for social security benefit cuts off the table. it should never have >> they should never have been on the table to begin with. at 11:00 in the morning. i certainly hope >> next, republican senator john thune. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a repu
. >> next, we will hear from members of congress about negotiants surrounding the fiscal cliff. senate majority leader harry reid, followed by senator john thune, then senate floor speeches from barbara boxer, joe manchin, and kay bailey hutchinson. >> the majority leader is recognized. i was glad to hear that republicans have taken their demand for social security benefit cuts off the table. it should never have >> they should never have been on the table to begin with. at...
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all be it a modest one, for the fiscal cliff and start off our new year and new congress with a proper welcome for our constituents and our colleagues. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from minnesota rise? without objection. >> madam speaker, many years ago our friends on the conservative side of the political aisle told us that if we cut taxes for the wealthiest among us, they would get more money which they would use to invest in plant and equipment and then all the rest of us working class, middle class folks, would benefit by rich people having more money because then they would hire us and we would have a stronger economy. mr. ellison: he they put this plan into implementation in 2001 and 2003. it was by far the most anemic decade we have seen in many, many decades. . if you contrast it to the 1990's, we had a better economy. when president clinton handed president bush the reins to the government, he handed him also a surplus. the fact is the conservative experiment, based on the ideas of a guy named arth
all be it a modest one, for the fiscal cliff and start off our new year and new congress with a proper welcome for our constituents and our colleagues. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from minnesota rise? without objection. >> madam speaker, many years ago our friends on the conservative side of the political aisle told us that if we cut taxes for the wealthiest among us, they would get more money which they...
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the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on all this and the blame game back and forth between democrats and republicans. years when he said on nbc. [video clip] >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership. i suggested to them if they cannot do a comprehensive package of smart deficit reductions, let's at minimum make sure that people's taxes don't go up and that 2 million people lose their unemployment insurance. i was modestly optimistic yesterday, but we don't yet see an agreement. now the pr
the fiscal cliff was put in place by members of congress through the super committee and there were not able to come up with a big budget deal to fix the problems, they said if we cannot come up with a deal, if we will have these automatic cuts police. they knew the tax cuts were expiring. there are no surprises here is there's only an inability of people to work together and make hard choices that must be made. host: as the story unfolded over the past 24 hours, the president weighing in on...
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coming up on c-span, members of congress talk about negotiations surrounding the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table. the truth ishey should never have been on the table to begin with. there is still significant distance between the two sides, but negotiations continue. there is still time left to reach an agreement, and we intend to continue negotiations. i ask unanimous consent that the senate now proceed to a period of morning business for debate only with senators permitted to speak for up to ten minutes each. the presiding officer: without objection, so ordered. . reid: mr. president, we're going to come in at 11:00 a.m. tomorrow morning. we'll have further announcements perhaps at 11:00 in the morni
coming up on c-span, members of congress talk about negotiations surrounding the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table....